Even with Concession on Property Tax Deductions, Tax Bill Aimed for Wednesday Release Faces Early Opposition

Kevin Brady, Chairman of the House Ways and Means Committee, announced that the House’s tax plan will allow individuals to deduct their state and local property taxes from their federal returns, “to help taxpayers with local tax burdens,” although not their state and local income or sales taxes. However, the National Association of Home Builders has already voiced its opposition to the tax bill after learning that the House would not be moving forward with a proposal to convert homeowner deductions into a credit. To keep groups from mobilizing against the bill and causing further setbacks, Brady and the House are focusing on quick movement. House Republicans are aiming to release the bill text this Wednesday, mark it up the following week, and have it on the floor for a vote the week after that.

Read more: Republicans prepare to finally unveil their tax bill

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